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China is leading the global surge in investment in generative AI, with significant funding raised by Chinese startups in the first half of this year. According to Zhidongxi, out of 51 generative AI start-ups worldwide that raised about 100 billion yuan (US$13.8 billion) in funding in the first half of 2023, 22 startups were from China, the US had 21, and the UK had 4. Although China outperformed the US in terms of the number of startups getting funded, US-based startups got more funding than their Chinese counterparts. Some examples of Chinese companies funded in H1 2023 include Light Year, DeepLang AI, and MiniMax, which were all funded by Tencent. The biggest funding of 1.6 billion yuan was raised by Light Year, which later got acquired by Meituan.
Japan's Generative AI landscape is experiencing both opportunities and challenges. According to a survey conducted by Teikoku Databank, 61% of Japanese firms have a positive stance on utilizing generative AI in their operations. While only 9.1% of companies are currently using generative AI, 52% are considering its adoption. However, concerns about data breaches have led 23.3% of companies to be reluctant, which could significantly impact the uptake of generative AI in Japan.
South Korea is making significant strides in the field of Generative AI and aims to become one of the world's top three AI powerhouses by 2027, trailing behind the U.S. and China, according to the Ministry of Science and ICT (MSIT), South Korea. The country recognizes the importance of memory semiconductor technology in supporting large language models like ChatGPT, which rely on high-performance memory chips to remember past conversations and user preferences.
